Monterrey's industrial market ranks as the second in the country with the highest demand levels, which at the close of the first quarter of 2021 reached 157 thousand square meters.

Despite the fact that the supply has been constant and has reported high volumes, the demand has been above, which has generated for the second consecutive month that the vacancy rate has had a downward trend. .

This market behavior caused that until April 2021 the rental prices in Monterrey reflected an increase, with positive values of 0.3% compared to the previous month and 3.4% annually.

Monterrey and Apodaca show the maximum values with $ 4.52 USD / m² / month and $ 4.39 USD / m² / month, respectively, being Apodaca the broker with the highest activity and where almost 41% of the inventory is concentrated.

Apodaca is placed within the Metropolitan Area of Monterrey as the Premium submarket, the average price figure has gone from $ 4.18 USD / m² in April 2020 to $ 4.39 USD / m² per month in April 2021, that is, it has experienced an increase of little more than 20 cents on the dollar.

Construction and new projects that are incorporated into the city also have an impact on the upward price adjustment, with more than 35 projects under development whose average rental price is between $ 4.30 USD / m² and a maximum of $ 4.74 USD / m² per month, for ships whose size ranges from 5,000 to 10,000 square meters.
 
Monterrey, which is the second most important industrial market in Mexico due to its size, manages rental prices below Mexico City, Tijuana and Guadalajara by 24%, 16% and 11%, respectively.

Taking into account that the technology and construction quality is similar in the majority of Mexican industrial cities, the considerably lower rental prices become a differentiating and attractive element for the investments that choose this important capital in the west of the country.

You may be interested in: Report April 2021 Monterrey Industrial Market